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Trump Attacks NBC Ethics in Weinstein Reporting; Comcast Shares Fall 1%

Published 09/04/2018, 11:12 AM
Updated 09/04/2018, 11:29 AM
© Reuters.  Comcast shares fall 1% after Trump attacks NBC journalistic ethics
CMCSA
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Investing.com - U.S. President Donald Trump attacked NBC via his Twitter account on Tuesday, suggesting the network may have shown “highly unethical conduct” and questioned the company’s right to hold a license.

In the tweet, Trump claimed that NBC’s journalistic standards were worse than those he believes are practiced at CNN, a long-time "fake news" media target of the president.

NBC has been under scrutiny on allegations that the network attempted to kill Ronan Farrow’s report on the Harvey Weinstein sex scandal in Hollywood that served as the basis for launching the #MeToo movement against sexual discrimination in the film industry.

Farrow accused NBC of providing “numerous false or misleading statements” when the network defended its handling of the report.

Farrow insisted that he took the story to another outlet “only after it became clear that I was blocked from further reporting”.

At 11:28 AM ET (15:28 GMT) shares in NBC-parent Comcast (NASDAQ:CMCSA) were down 1.15% at $36.56.

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